Universal Energy Corporation (OTCBB: UVSE)
Universal Energy Corporation (OTCBB: UVSE) is an independent diversified energy company engaged in the acquisition and development of crude oil and natural gas leases in the United States and Canada. The company pursues oil and gas prospects in partnership with oil and gas companies with exploration, development and production expertise. Their prospect areas consist of lands in Alberta, Canada and Southeastern Louisiana. With two energy business subsidiaries, Universal Explorations Inc. and Universal Energy Services Inc., the company pursues oil and gas prospects in partnership with oil and gas companies with exploration, development and production expertise.
Universal invests in prolific areas within the United States and Canada by acquiring low risk in-field oil and gas rights that offset existing production. The Louisiana prospects the company is currently drilling this summer, include properties that contain proven but undeveloped reserves analyzed by 3-D Seismic surveys and other research techniques to help lower drilling risks.
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